Stay informed with Lexern’s blog covering estate planning, trusts, wills, probate, asset protection, and family legacy planning.
With the proper planning you can safeguard your business legacy to ensure your business lives on for generations to come. As a business owner, you put everything into building and growing your business. It's not just a source of income, but also a reflection of your passion, hard work, and dedication. However, amidst the [...]
One of the most significant financial decisions you can make is transferring the ownership of your home to another person. It may seem like a simple process, but it can have consequences you may not have thought of. Transferring ownership of your house to someone without professional estate planning is not a wise decision. [...]
When it comes to estate planning, life insurance is an essential component that shouldn't be overlooked. Many people think that life insurance is only necessary for providing financial support for loved ones in case of an unexpected death. However, life insurance can also play a vital role in your estate plan, ensuring that your [...]
What to do with an inherited IRA can seem overwhelming at first, but inheriting an IRA can be a significant financial asset. It's important to understand the options available to you and how to make the most of the money you've inherited. If you've inherited an individual retirement account, there are many planning decisions [...]
Funding your trust is the crucial step to making sure your estate plan works when the time comes. If you have an estate plan, you've already taken a crucial step in ensuring that your assets and property are distributed according to your wishes after you pass away. However, simply creating an estate plan is [...]
High net worth estate planning takes special considerations to ensure you and your loved ones are protected. High net worth individuals and families may require more complex estate plans. Your estate plan, no matter your net worth, should be tailored to your specific situation and goals. With higher net worth estates, if you have a [...]
The Gucci family feud is arguably one of the most cautionary business stories of our time. Gucci is one of the most iconic luxury fashion brands in the world — but there was a period in the 1980s and 1990s when the brand was on the brink of collapse. The bitter infighting that nearly [...]
Successful business succession planning is an essential part of ensuring the long-term success of any business. It's important to take the time to make well-informed decisions when it comes to your succession plan. A successful business succession plan includes identifying and preparing a successor to take over the leadership of the company when the [...]
Changes are being made to what can be included in severance agreements. If you are an employer, you need to be aware of recent decisions made by the National Labor Relations Board. What's the Purpose of a Severance Agreement? A severance agreement is a contract between an employer and an employee that outlines the [...]
Minimizing conflict when exiting a business is always the main goal of an exit strategy. From choosing the right successor, to avoiding other challenges that come with succession planning, minimizing conflict goes hand in hand with an effective plan. Learn how to keep your business running smoothly, even after you're gone. Even if you [...]
